IPG Photonics

IPG Photonics is the world leader in high-power fiber lasers, fiber amplifiers, hybrid fiber/solid-state lasers and diode lasers for use in a wide range of markets including materials processing, advanced technologies, telecommunications & medical applications. IPG manufactures fiber lasers operating at 0.5 – 5 microns. IPG’s 1um and 1.5um fiber lasers and amplifiers are particularly popular in single-frequency and linearly-polarized variants; providing products having the best available combination of performance, reliability and price. IPG's newly developed 2-5 microns mid-IR lasers offer cost-effective solutions for sensing, spectroscopy, material processing & medical applications.
Founded in 1990, IPG Photonics pioneered the development and commercialization of optical fiber-based lasers, a new generation of lasers that combine the advantages of semiconductor diodes with the high amplification and precise beam qualities of specialty optical fibers. Fiber lasers deliver superior performance, reliability and usability at a lower total cost of ownership than conventional lasers and 15x more energy efficient than conventional lasers.
IPG's fully vertically integrated manufacturing process provides significant competitive advantages and enhances its ability to meet customer requirements, manage costs and improve performance. IPG Photonics is headquartered in Oxford, MA with additional manufacturing and application facilities worldwide including Germany, Italy and Russia.

Company Growth (employees)
Type
Public
HQ
Oxford, US
Founded
1990
Size (employees)
4,230 (est)+14%
IPG Photonics was founded in 1990 and is headquartered in Oxford, US

IPG Photonics Office Locations

IPG Photonics has offices in Oxford, Moskva, Bristol, Burbach and in 16 other locations
Oxford, US (HQ)
50 Old Webster Rd
Cerro Maggiore, IT
21 Via Kennedy
Daejeon, KR
80 12
Gliwice, PL
74 Portowa
Prague, CZ
8 2062 Čs. Exilu
Novi, US
46695 Magellan Dr
Santa Clara, US
103 3930 Freedom Cir
Mountain View, US
A 110 Pioneer Way
Manchester, US
220 Hackett Hill Rd
Birmingham, US
L108 1500 1st Ave N
Burlington, CA
758 Shadeland Ave
Burbach, DE
7 Siemensstraße
Bristol, GB
Central Business Park
Moskva, RU
1 Ul. Vvedenskogo

IPG Photonics Data and Metrics

IPG Photonics Financial Metrics

IPG Photonics's revenue was reported to be $1 b in FY, 2016 which is a 12% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

1 b

Revenue growth (FY, 2015 - FY, 2016), %

12%

Gross profit (FY, 2016)

552.2 m

Gross profit margin (FY, 2016), %

55%

Net income (FY, 2016)

260.7 m

EBIT (FY, 2016)

364.3 m

Market capitalization (25-May-2017)

7.4 b

Closing share price (25-May-2017)

139.6

Cash (31-Dec-2016)

623.9 m

EV

6.8 b
IPG Photonics's current market capitalization is $7.4 b.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

648 m769.8 m901.3 m1 b

Revenue growth, %

19%17%12%

Cost of goods sold

409.4 m453.9 m

Gross profit

339.9 m416.5 m491.9 m552.2 m

Gross profit Margin, %

52%54%55%55%

Operating expense total

121.8 m132.8 m149.8 m187.9 m

EBIT

218.1 m283.8 m342 m364.3 m

EBIT margin, %

34%37%38%36%

Interest expense

301 k1.3 m

Interest income

1.3 m

Pre tax profit

341.6 m366.6 m

Income tax expense

(99.6 m)(105.8 m)

Net Income

155.8 m200.4 m242 m260.7 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

448.8 m522.2 m582.5 m623.9 m

Accounts Receivable

103.8 m143.1 m150.5 m155.9 m

Inventories

172.7 m171 m203.7 m239 m

Current Assets

786.3 m893.8 m1.1 b1.3 b

PP&E

252.2 m275.1 m288.6 m379.4 m

Goodwill

455 k455 k505 k19.8 m

Accounts Payable

18.8 m17.1 m26.3 m28 m

Total Debt

12.7 m33 m19.7 m40.8 m

Current Liabilities

100.1 m122.1 m145 m158.3 m

Additional Paid-in Capital

538.9 m567.6 m607.6 m651 m

Retained Earnings

390.8 m591.2 m833.4 m1.1 b

Total Equity

1.3 b1.6 b

Debt to Equity Ratio

0 x0 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

155.8 m200.4 m242 m260.7 m

Depreciation and Amortization

31.5 m35.6 m42.4 m51.5 m

Accounts Receivable

(10 m)(49 m)(19 m)(11 m)

Inventories

(50 m)(42 m)(71 m)(54 m)

Accounts Payable

974 k3.3 m9.8 m(407 k)

Cash From Operating Activities

119.4 m180.1 m256.6 m292.3 m

Purchases of PP&E

(70.9 m)(88.6 m)(70.1 m)(127 m)

Cash From Investing Activities

(75.9 m)(90.1 m)(181.6 m)(274.4 m)

Cash From Financing Activities

14.1 m11.5 m5.4 m32.9 m

Interest Paid

208 k253 k873 k942 k

Income Taxes Paid

89.6 m73.5 m91.3 m127 m
Numbers are in $, USDY, 2016

EV/EBIT

18.7 x

EV/CFO

23.4 x

Revenue/Employee

269 k

IPG Photonics Market Value History

IPG Photonics Online and Social Media Presence

IPG Photonics Company Life and Culture

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